I'll be honest- I don't think this is what is going to happen, but just presenting a possibility. BTC is in a potential ascending/rising channel, of which it is currently testing the mid-point of that channel. On previous touches of the midpoint it has seen bounces or rejections. We could potentially see BTC bounce off this midpoint as support. It would need to...
To me the bottom trendline of the channel appears to be this bottom purple trendline…if this wedge we’ve been in all April decides to break upward here right at the beginning of May I would’nt be surprised if the current candle will be the one that finally bounces us up from the downtrend we have been in all April. There’s also a chance we could send a wick below...
Here we have usdcad in a uptrend channel where it has only made 3 touches so far. we did get a breakout of this channel but price was able to give us solid bullish candles to get back in and close within the channel giving us a fake out (Highlighted in graph). This fake out also gave us the 4 touch of an inner channel which has also given us a flag pole formation....
The week frame USD/CAD hit the high in the Bullish Acending pattern and is about to drop down again for a rebounce in the Acending channel Time frames ____________ 1 week 30 min ____________ Technical Indicators - RSI -ATR -MACD -LUX ALGO -FIB -Monthly/weekly/Daily chart frames 30 min chart frame- finish ________________________________ Leave a like and a comment...
Ascending channel within an ascending channel. Given the possible formation of a bearish impulse, a short position will be favourable after the formation of a relatively small corrective structure.
Hello traders, BTCUSD is back to channel support... Will it break below or continue in the channel? I don't have to say cos the chart is very neat and can speak for itself... Here is another opportunity for bitcoin traders to make a fortune... Bitcoin has been in this ascending channel for a very long time, its been busy testing supports and resistance...
Two trades one long and one short trading the upper and lower bands of a price channel. I dont generally trade a price channel for many reasons, but with the long term chart dominating trend in my favour it worked out. For this trade my long-term chart was (W) chart and my current price chart (D) chart. The current chart is where i take my entry, stops & cover my...
ETH is slightly on the support line (green/yellow around $2750) of an ascending channel (yellow oval). RSI is showing bullish divergence in some areas which indicates ETH is ready to go north. Right now it's at $2929 but we need to break the $3050 resistance first to confirm the start of a possible move next few days to higher levels ($3200, 3600 or maybe 4500)....
Over the past year, alt coins in the crypto space have been taking quite a hit from the back-and-forth motions of BTC and ETH. Alt-coins are once again at their own recent lows when BTC was between $32-33K back in January despite the price of bitcoin dancing around a significantly higher $37-38K price today. I typically believe that ETH determines the general...
We have several patterns converging to this one area. Bullish RSI Divergence on the 4H. PA at horizontal support bouncing inside a large 25% ascending channel. Which way do we go???
The price is creating a descending channel on 4h and bounced exactly on the weekly support on 0.65$. the price got liquidity from the previous demand zone of 0.63$ How to approach? IF the price is going to lose the 4h support, we could see a new bearish impulse until the daily support According to Plancton's strategy , we can set a nice order ––––– Keep in...
BINANCE:KNCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $KNC has formed an ascending channel and it's currently moving into it, On other hand, there was a formed rising wedge that got broken by recent candles. This rejection has come with an...
gm. Let's try this again lol. $BTCUSD remains at an area of support in an ascending channel on the daily time frame. Can bulls hold on here? I am not entirely convinced. Looking weak... let us see what the NA open do. Williams %R signaling oversold, media sentiment is "Doom-loop". Play the game. Call limit order filled: 39557 tp_01: 42591 Stop: 36316 If...
ETHEREUM BASE ON MY T.A.. FORMING ASCENDING PATTERN DAILY TF ALSO FORMING A FALLING WEDGE MACD and RSI is Bullish Divergence For Bullish Bias of Ethereum Bulls need to break the .618 @2950 then establish the 3k level support/resistance Level to Confirm the Upside Breakout. Please like my idea!!!! Support & Subscribe for More ideas like this please share...
I personally think the wedge breaking up makes more sense to get validated than the channel breaking down does..Until I see us form a lower low on the daily (below 28.6k) I tend to side with the bullish pattern. If the channel breaks down we could dump pretty severely as it is also the flag of a bear flag with a pretty lengthy pole. Only way we do that is if we...
Mana currency is in a corrective structure that is Flat And the Uptrend lind is supporting it The correction is expected to end around 2 $ and start a bullish wave
- We have a huge parallel channel on the daily chart. - Also inside this channel, we have a falling wedge - bullish reversal pattern. - If you take a look at RSI indicator, you can spot a bullish divergence with higher lows on the oscillator! - Due to my Elliott Wave count, we have finished an Impulse wave. - 0,618 FIB retracement is a strong SUPPORT and we are...